Graph and download economic data for Trade Weighted U.S. Dollar Index: Other Important Trading Partners, Goods (DISCONTINUED) (TWEXO) from 1995-01-04 to 2020-01-01 about trade-weighted, trade, exchange rate, currency, goods, rate, indexes, and USA.

The DXY exchange rate rose to 96.8192 on September 17, 2025, up 0.19% from the previous session. Over the past month, the United States Dollar has weakened 1.37%, and is down by 4.14% over the last 12 months. United States Dollar - values, historical data, forecasts and news - updated on September of 2025.

Graph and download economic data for Nominal Broad U.S. Dollar Index (DTWEXBGS) from 2006-01-02 to 2025-09-12 about trade-weighted, broad, exchange rate, currency, goods, services, rate, indexes, and USA.

Graph and download economic data for Trade Weighted U.S. Dollar Index: Broad, Goods (DISCONTINUED) (TWEXB) from 1995-01-04 to 2020-01-01 about trade-weighted, broad, exchange rate, currency, goods, rate, indexes, and USA.

View market daily updates and historical trends for Trade Weighted US Dollar Index: Broad, Goods and Services. from United States. Source: Federal Reserve…

United States - Trade Weighted U.S. Dollar Index: Major Currencies, Goods (DISCONTINUED) was 91.50770 Index Mar 1973=100 in January of 2020, according to the United States Federal Reserve. Historically, United States - Trade Weighted U.S. Dollar Index: Major Currencies, Goods (DISCONTINUED) reached a record high of 146.41010 in February of 1985 and a record low of 68.14280 in May of 2011. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Trade Weighted U.S. Dollar Index: Major Currencies, Goods (DISCONTINUED) - last updated from the United States Federal Reserve on September of 2025.

The official currency of Puerto Rico is the US Dollar. This dataset displays a chart with historical values for the US Dollar Index. United States Dollar - values, historical data, forecasts and news - updated on September of 2025.

The euro and U.S. dollar made up more than ***** of 10 SWIFT payments worldwide in 2025, outperforming many other currencies. This is according to a monthly report meant to track the market share of China's yuan renminbi within the international bank transfer system SWIFT. Although China holds the largest forex reserves in the world, the yuan ranked as the ******-used currency in international payments. The figures concern customer-initiated and institutional payments and exclude trade. Discussions on the potential weakening role of the U.S. dollar especially touch world trade and forex. For example, the share of the USD in forex reserves declined visibly against the euro and Japanese yen in 2024. What sparked this de-dollarization trend, and will it continue? Trade sanctions and de-dollarization De-dollarization in 2024 is mentioned mostly alongside trade and the BRICS countries - an informal name given to Brazil, Russia, India, China, and South Africa. The combined GDP of BRICS is about ** percent of the world's economy. After the start of the Ukraine war and Russia received economic sanctions, the BRICS slowly evolved into a trading bloc. The group increasingly wanted its own currency to settle payments within the trade bloc, to avoid using the U.S. dollar. In August 2024, BRICS will gather in South Africa to discuss the creation of such a new joint currency. Additionally, ** countries - including Argentina, Algeria, Egypt, Saudi Arabia, Turkey, and Yemen - expressed interest in joining the BRICS group. CBDC, or projects into a digital payment settlement A factor of future uncertainty for the U.S. dollar is how central bank digital currencies (CBDC) develop in emerging countries. Several projects exist between individual countries that specifically target cross-border interbank payments. A cooperation between Thailand and Hong Kong, Inthanon-Lionrock, ranks as the most advanced of these projects. CBDC does not require the U.S. dollar to function. Tangible such as commodities or gold can back them. The value of transactions processed with CBDC is to grow by ******* percent between 2024 and 2030.

Graph and download economic data for Trade-Weighted Exchange Value of U.S. Dollar vs G-10 Countries (DISCONTINUED) (TWEXMTHY) from Jan 1971 to Dec 1998 about trade-weighted, exchange rate, currency, rate, and USA.

Prices for DXY Dollar Index including live quotes, historical charts and news. DXY Dollar Index was last updated by Trading Economics this September 16 of 2025.

The EUR/USD exchange rate fell to 1.1871 on September 17, 2025, down 0.01% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has strengthened 1.74%, and is up by 6.81% over the last 12 months. Euro US Dollar Exchange Rate - EUR/USD - values, historical data, forecasts and news - updated on September of 2025.

The US dollar index of February 2025 was higher than it was in 2024, although below the peak in late 2022. This reveals itself in a historical graphic on the past 50 years, measuring the relative strength of the U.S. dollar. This metric is different from other FX graphics that compare the U.S. dollar against other currencies. By August 15, 2025, the DXY index was around 97.97 points. The history of the DXY Index The index shown here – often referred to with the code DXY, or USDX – measures the value of the U.S. dollar compared to a basket of six other foreign currencies. This basket includes the euro, the Swiss franc, the Japanese yen, the Canadian dollar, the British pound, and the Swedish króna. The index was created in 1973, after the arrival of the petrodollar and the dissolution of the Bretton Woods Agreement. Today, most of these currencies remain connected to the United States' largest trade partners. The relevance of the DXY Index The index focuses on trade and the strength of the U.S. dollar against specific currencies. It less on inflation or devaluation, which is measured in alternative metrics like the Big Mac Index. Indeed, as the methodology behind the DXY Index has only been updated once – when the euro arrived in 1999 – some argue this composition is not accurate to the current state of the world. The price development of the U.S. dollar affects many things, including commodity prices in general.

The U.S. dollar dominated the list of the most traded currencies in 2022, being involved in the vast majority of any currency trades. This is according to a ranking that looks at trading regardless of pairs. The most common forex transaction by pair in that year was the euro and the U.S. dollar, which accounted for almost ** percent of the average daily turnover of all currency exchanges in April 2022.

United States USD Trade Weighted Index: Nominal: Emerging Market Economies data was reported at 121.368 2006=100 in Jan 2019. This records a decrease from the previous number of 123.885 2006=100 for Dec 2018. United States USD Trade Weighted Index: Nominal: Emerging Market Economies data is updated monthly, averaging 98.829 2006=100 from Jan 2006 (Median) to Jan 2019, with 157 observations. The data reached an all-time high of 124.362 2006=100 in Nov 2018 and a record low of 89.858 2006=100 in Jul 2008. United States USD Trade Weighted Index: Nominal: Emerging Market Economies data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.M016: US Dollar Trade Weighted Index.

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Foreign Exchange Market Size 2025-2029

The foreign exchange market size is forecast to increase by USD 582 billion, at a CAGR of 10.6% between 2024 and 2029.

Major Market Trends & Insights

Europe dominated the market and accounted for a 47% growth during the forecast period.
By the Type - Reporting dealers segment was valued at USD 278.60 billion in 2023
By the Trade Finance Instruments - Currency swaps segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 118.14 billion
Market Future Opportunities: USD 582.00 billion 
CAGR : 10.6%
Europe: Largest market in 2023

Market Summary

The Foreign Exchange (Forex) market, a global financial platform for exchanging one currency for another, is a dynamic and continuously evolving ecosystem. According to the Bank for International Settlements, daily trading volumes reached approximately USD6 trillion in April 2020, representing a significant portion of the world's financial transactions. This market's importance is underscored by its role in facilitating international trade, investment, and tourism. The Forex market's decentralized nature allows for 24/7 trading opportunities, making it an attractive proposition for businesses and investors seeking to manage currency risk or capitalize on price fluctuations. Despite the market's complexity, advanced technologies, such as machine learning and artificial intelligence, are increasingly being adopted to enhance trading strategies and improve risk management.
One significant trend is the increasing use of money transfer agencies, venture capital investments, and mutual funds in foreign exchange transactions. These tools enable real-time analysis of market trends and help forecast exchange rates, providing valuable insights for businesses operating in multiple currencies. The Forex market's influence extends beyond traditional financial sectors, with applications in various industries, including tourism, import/export, and international business. As businesses expand their global footprint and economies continue to interconnect, the role and significance of the Forex market are set to grow further.

What will be the Size of the Foreign Exchange Market during the forecast period?

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The market, a vital component of the global financial system, operates without fail, facilitating the conversion of one currency into another. According to recent data, approximately 6% of daily global trading volume is attributed to this market. Looking ahead, growth is projected to reach over 5% annually. Consider the following comparison: the average daily trading volume in the forex market exceeds that of the New York Stock Exchange by a significant margin. In 2020, the former recorded around USD 6 trillion, while the latter saw approximately USD 136 billion. This disparity underscores the market's immense scale and influence.
Moreover, the forex market's liquidity depth enables efficient price discovery, minimizing transaction security concerns and market impact costs. Automated trading bots and order book depth analysis are essential tools for market participants, allowing for effective backtesting strategies and fraud detection systems. Leverage ratios, transaction fees, and margin requirements are essential factors influencing market accessibility and profitability. High-frequency trading and the presence of liquidity providers contribute to market efficiency and statistical arbitrage opportunities. Regulatory compliance and brokerage services further ensure a secure trading environment. Despite payment processing fees and order flow imbalance, risk tolerance levels remain a crucial consideration for participants.

How is this Foreign Exchange Industry segmented?

The foreign exchange industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Reporting dealers
  Financial institutions
  Non-financial customers


Trade Finance Instruments

  Currency swaps
  Outright forward and FX swaps
  FX options


Trading Platforms

  Electronic Trading
  Over-the-Counter (OTC)
  Mobile Trading


Geography

  North America

    US
    Canada


  Europe

    Germany
    Switzerland
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The reporting dealers segment is estimated to witness significant growth during the forecast period.

The market is a dynamic and intricate financial ecosystem where businesses and investors transact in various currencies to manage internationa

Graph and download economic data for Trade Weighted U.S. Dollar Index: Major Currencies, Goods (DISCONTINUED) (TWEXM) from 1973-01-03 to 2020-01-01 about major, trade-weighted, exchange rate, currency, goods, rate, indexes, and USA.

View market daily updates and historical trends for Trade Weighted US Dollar Index: Emerging Markets Economies, Goods and Services. from United States. So…

A graphic that displays the dollar performance against other currencies reveals that economic developments had mixed results on currency exchanges. The third quarter of 2023 marked a period of disinflation in the euro area, while China's projected growth was projected to go up. The United States economy was said to have a relatively strong performance in Q3 2023, although growing capital market interest rate and the resumption of student loan repayments might dampen this growth at the end of 2023. A relatively weak Japanese yen Q3 2023 saw pressure from investors towards Japanese authorities on how they would respond to the situation surrounding the Japanese yen. The USD/JPY rate was close to ***, whereas analysts suspected it should be around ** given the country's purchase power parity. The main reason for this disparity is said to be the differences in central bank interest rates between the United States, the euro area, and Japan. Any future aggressive changes from, especially the U.S. Fed might lower those differences. Financial markets responded somewhat disappoint when Japan did not announce major plans to tackle the situation. Potential rent decreases in 2024 Central bank rates peak in 2023, although it is expected that some of these will decline in early 2024. That said, analysts expect overall policies will remain restrictive. For example, the Bank of England's interest rate remained unchanged at **** percent in Q3 2023. It is believed the United Kingdom's central bank will ease its interest rate in 2024 but less than either the U.S. Fed or the European Central Bank. This should be a positive development for the pound compared to either the euro or the dollar.

Forex daily volume was nearly *** billion U.S. dollars for the USD currency, an amount ***** times higher than for the euro (EUR). The forex - or foreign exchange market - turnover per day is a figure that is not often measured, only once every three years. No figures are available for 2020, for instance. What figures are available, however, indicate that the USD currency far outweighs that of many other currencies all over the world. What is the forex market? The forex market is based on the fluctuations in the value of currency interest rates. For example, the U.S. dollar performs differently against other major currencies. If one can properly predict these fluctuations, they can buy a weaker currency with a stronger one. After the currencies rebalance, the original currency will be worth more in terms of the exchange rate, giving the investor a profit. There are many foreign exchange trading services, including many multinational banks which already work in multiple currencies. Other currency trading functions Countries and central banks typically hold foreign currencies. These international reserves help facilitate the transactions in international trade, which is one reason China’s foreign reserves are so high. Countries can buy and sell foreign currencies to maintain a particular exchange rate. This is necessary for currencies which are pegged to another currency, such as the U.S. dollar. However, some countries are accused of exchange rate manipulation to make their exports seem more attractive. Finally, certain currencies are considered safer. Citizens and firms in a country with an unstable currency will buy these currencies to avoid volatility, or even hyperinflation, in their home currency.

View monthly updates and historical trends for Real Trade Weighted US Dollar Index: Broad, Goods and Services. from United States. Source: Federal Reserve…